Placement Preparationan HCL GUVI product
Mphasis
Mphasis is a leading Indian IT solutions provider specializing in cloud and cognitive services, headquartered in Bengaluru, India. Founded in 2000 through the merger of BFL Software and Mphasis Corporation, the company is majority-owned by the Blackstone Group and listed on Indian stock exchanges.
Founder(s):
- BFL Software (founded by Jerry Rao) and Mphasis Corporation
Founded
- 2000 (merger of BFL Software and Mphasis Corporation)
Industry:
- Information Technology, Cloud and Cognitive Services
Company Type:
- Public (NSE: MPHASIS, BSE: 526299)
Headquarters:
- Bengaluru, Karnataka, India
Global Presence:
- 21+ countries
Revenue:
- ~$1.6 billion USD (FY 2023-24)
Employees:
- ~35,000+
Core Values:
- Customer Centricity, Integrity, Innovation, Respect for Individuals, Sustainability
Clients:
- 350+ clients including major Fortune 500 companies
Competitors:
- Hexaware Technologies, LTIMindtree, Persistent Systems, Coforge, Infosys BPM, Cognizant, Wipro, NIIT Technologies
Awards & Recognitions:
- Named a Leader in Everest Group PEAK Matrix for BFSI IT Services
- Recognized by Gartner in multiple reports for cloud and application services
- Awarded by NASSCOM for digital innovation and automation
- Certified as a Great Place to Work in India and globally
- Recognized for ESG excellence and sustainability reporting by multiple agencies
- Top Employer certification across key geographies by Top Employers Institute
Frequently Asked QuestionsFAQ
When was Mphasis established?
Mphasis was established in 2000 through the merger of BFL Software (India) and Mphasis Corporation (USA). The combined entity initially operated as a subsidiary of Electronic Data Systems (EDS) and later of Hewlett Packard Enterprise (HPE), before being acquired by the Blackstone Group in 2016.
Who founded Mphasis?
Mphasis was formed through the merger of BFL Software, founded by Jerry Rao, and Mphasis Corporation. Nitin Rakesh currently serves as the Chief Executive Officer and has led the company's transformation into a cloud and cognitive services leader.
What does Mphasis do?
Mphasis is an IT solutions company that helps enterprises modernize and transform through cloud, AI, and cognitive technologies. It offers services in cloud infrastructure, application modernization, cybersecurity, digital automation, and banking technology solutions using its Front2Back transformation approach.
Is Mphasis a service-based or product-based company?
Mphasis is primarily a service-based IT company. It provides cloud and cognitive IT services, application development, and managed services. It also develops proprietary platforms and accelerators such as Mphasis DeQode (low-code platform) and AI-driven tools to enhance service delivery.
What are Mphasis's key services?
Mphasis's key services include cloud infrastructure and managed services, AI and cognitive computing, application modernization, cybersecurity, digital process automation, fintech and banking technology solutions, and business process services.
Who is the current CEO of Mphasis?
Nitin Rakesh is the Chief Executive Officer and Managing Director of Mphasis. He joined in 2017 and has led the company's strategic shift to a cloud-first, cognitive services model, significantly expanding Mphasis's revenue and client base globally.
Where is Mphasis headquartered?
Mphasis is headquartered in Bengaluru, Karnataka, India. The company has delivery centers and offices across India, the United States, Europe, and Asia-Pacific, with a presence in over 21 countries worldwide.
How many employees does Mphasis have?
Mphasis employs approximately 35,000+ professionals globally as of 2024. The workforce includes cloud engineers, AI specialists, application developers, cybersecurity experts, and business process professionals.
What are Mphasis's locations in India?
Mphasis has major offices and delivery centers in Bengaluru (HQ), Pune, Mumbai, Chennai, Hyderabad, and Noida. Bengaluru is its largest hub, housing the majority of its India-based workforce and leadership teams.
What is Mphasis's work culture like?
Mphasis fosters a dynamic, learning-driven culture with a strong emphasis on innovation, collaboration, and diversity. The company invests significantly in employee development through structured learning programs and its proprietary digital platforms. It is recognized by Great Place to Work and Top Employers Institute for its positive workplace environment and employee satisfaction.